Under Armour (NYSE: UA) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Under Armour met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share dropped significantly.

Gross margins increased, operating margins shrank, net margins dropped.

Revenue details
Under Armour chalked up revenue of $471.6 million. The 25 analysts polled by S&P Capital IQ expected sales of $468.4 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $384.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.07. The 27 earnings estimates compiled by S&P Capital IQ anticipated $0.03 per share. GAAP EPS of $0.07 for Q1 were 50% lower than the prior-year quarter's $0.14 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 45.9%, 30 basis points better than the prior-year quarter. Operating margin was 2.9%, 340 basis points worse than the prior-year quarter. Net margin was 1.7%, 210 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $448.9 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $2.26 billion. The average EPS estimate is $1.48.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,782 members out of 3,030 rating the stock outperform, and 248 members rating it underperform. Among 987 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 948 give Under Armour a green thumbs-up, and 39 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Under Armour is outperform, with an average price target of $56.21.

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